Why Buying A House With A Home Warranty Is A Good Idea
If you are looking at homes for sale, you may discover that a lot of sellers are offering home warranties with their houses. A home warranty is a great incentive offered by sellers, but it's important to understand that this is not the same thing as homeowner's insurance. Here are several things to know about home warranties.
What Is a Home Warranty?
As a buyer of a house, choosing a house that comes with a home warranty offers extra peace of mind. A home warranty offers protection over certain parts of the home for a certain length of time, which is usually one year. The protection is typically offered for all the appliances in the house as well as the furnace and AC system. Some also include coverage for the home's electrical system and the hot water heater.
With a home warranty, you can receive repair services for free, or for a very low price, if needed during the time of your warranty.
Why Do Sellers Offer These?
People selling their homes will often offer home warranties as incentives because they know that buyers like getting these. For the seller, the policy will only usually cost between $300 to $500 for one year of coverage, and the seller will not have to deal with anything that goes wrong.
If the buyer experiences a problem, he or she will have to call the home warranty company. They will line up repair services for the item that is not working, and they will come to the home and make the repairs.
While this may cost the buyer a small fee for repairs, it will not cost a lot compared to the amount of money it may have cost without the warranty on the home.
Should You Buy a House That Does Not Come With a Warranty?
If you are shopping for a house and find one that does not include a home warranty, you could always ask the seller for one. This is something you could include in your purchase offer on the house, and it is commonly used as a form of negotiations when people buy homes. The seller does not have to agree to it, but you could ask for one if you really want this extra protection.
If you are ready to begin shopping for property for sale, contact areal estate agent to help you locate properties that meet your needs and budget.
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